Auditor worker likr a watch dog not likr a blood hound .explain this s...
Introduction:
The statement "Auditor worker like a watch dog, not like a blood hound" means that auditors should act like watchdogs by keeping an eye on the company's financial records and ensuring that everything is in order. They should not act like bloodhounds by aggressively searching for errors or wrongdoing.
Explanation:
1. The Role of an Auditor: The primary role of an auditor is to ensure that a company's financial records are accurate and in compliance with accounting standards. They are responsible for detecting any potential errors or fraud that may exist in the financial statements.
2. Watchdogs vs. Bloodhounds: Watchdogs are known for their ability to keep a watchful eye on things while remaining calm and collected. They are not aggressive and do not attack unless provoked. Similarly, auditors should act like watchdogs by observing and monitoring the financial records without being overly aggressive or accusatory.
3. Importance of Objectivity: Auditors must maintain objectivity throughout their work. They should not be biased towards any particular party or outcome. By acting like watchdogs, auditors can remain objective and impartial.
4. Maintaining Professionalism: Auditors must maintain a high level of professionalism at all times. They should not act like bloodhounds by being overly aggressive or confrontational. Instead, they should act in a calm and collected manner, which will help to ensure that the audit process runs smoothly.
5. Building Trust: By acting like watchdogs, auditors can build trust with their clients. They can show that they are there to help and provide valuable insights into the company's financial records. This will help to establish a positive working relationship between the auditor and the client.
Conclusion:
In conclusion, the statement "Auditor worker like a watch dog, not like a blood hound" emphasizes the importance of auditors acting in a calm and collected manner while performing their duties. By acting like watchdogs, auditors can maintain objectivity, professionalism, and build trust with their clients. This will help to ensure that the audit process runs smoothly and that any potential errors or fraud are detected.
Auditor worker likr a watch dog not likr a blood hound .explain this s...
Auditor is Watchdog, not a Blood Hound it means as the dog always think about the owner as it the same way an auditor always think about the owner of the company. It is the responsibility to find true and fair value of the business and gives all the details (errors and frauds) of all the business. But this task is so difficult because people tried who arise fraud in the company gives wrong information to the company.